George Fotion's Market Report

Redondo Beach, CA 90277

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Redondo Beach, CA 90277

Fri Sep 20 2019
This week the median list price for Redondo Beach, CA 90277 is $1,995,000 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 37. Click here to stay informed with the Redondo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Redondo Beach, CA 90277

Fri Sep 20 2019
This week the median list price for Redondo Beach, CA 90277 is $1,995,000 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 37. Click here to stay informed with the Redondo Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Redondo Beach market.
Median List Price $1,995,000
Per Square Foot $797
Days on Market 98
Price Decreased 54%
Price Increased 0%
Relisted 5%
Inventory 37
Median House Rent $4,400
Most Expensive $14,995,000
Least Expensive $925,000
Market Action Index
Slight Seller's Advantage
38

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,379,000 4,323 6,500 - 8,000 sqft 4 5 19 2 1 156
$2,299,000 3,352 4,500 - 6,500 sqft 5 3 17 2 1 105
$1,699,900 2,560 6,500 - 8,000 sqft 4 1 65 1 1 99
$1,349,500 1,490 4,500 - 6,500 sqft 3 1 65 2 1 39